High-profile former DWS fund manager Graham Ashby has joined Sarasin Chiswell to run global and UK equity income funds. Ashby left DWS, where he ran the firm’s UK equity inc-ome and UK equity income plus funds, last October after it was bought out by Aberdeen Asset Management. Sarasin Chiswell is lining up a global income […]
Peers working on the Compensation Bill are to meet Treasury Economic Secretary Ivan Lewis in a bid to persuade him that the FSA is the best body to regulate claim management firms rather than the Claims Standards Council, the Law Society or a new body. Tory peer Lord Hunt of Wirral says the amendments he […]
Cofunds is offering an onshore bond and is lining up a pers-onal pension wrapper which is set to go live at A-Day. The portfolio bond, set up in conjunction with major shareholder Legal & General, will offer IFAs and their clients a choice of around 200 funds from 40 providers. The bond is a single-premium […]
The Government is planning to combine its five consumer bodies into one in a bid to improve consumer protection. The Financial Services Consumer Panel, National Consumer Council, Energywatch, Postwatch and Ofcom Consumer Panel will be called Consumer Direct and is currently being rolled out across the country.
Work and pensions select committee member and Labour MP Ruth George has called for the parliamentary pension scheme to divest from fossil fuels. The MP for High Peak put her name to the Divest Parliament pledge which is a cross-party campaign to clean up the investments in politicians’ pension schemes. MPs are automatically enrolled in […]
It was announced in last year’s Autumn Budget that, from April 2019, tax will be charged on gains made by non-UK residents on the disposal of all types of UK immovable property. At the time of the announcement, HM Revenue & Customs also produced a technical note setting out the scope of the new charge […]
O&M Pension Solutions has changed its systems ahead of an October deadline to help advisers meet new regulations around transfer value analysis reports. From 1 October, the FCA’s new rules mean transfer value analysis reports will be replaced by a combination of a “transfer value comparator” and an “appropriate pension transfer analysis” The transfer value comparator is […]